What’ll Happen to Australia in the Next Sovereign Debt Crisis? - Fat Tail Daily
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What’ll happen to Australia in the next sovereign debt crisis? - Fat Tail Daily
Who cares about American house prices? Or central banks causing double digit inflation in Europe? What happens on the other side of the planet shouldn’t matter to Australian investors. We have responsible central bankers. Our house prices never drop. Our banks would never engage in large scale fraudulent sub-prime lending. And our government is hardly overindebted. Australia is safe…as houses. Heck, we didn’t even have a recession during the big…
If a state saves to reduce its debt, it works fundamentally differently than we know it from ourselves. Everything about sovereign debt and austerity policy you can find out here.
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